FY2019 Earnings Estimate for Heroux Devtek Inc (HRX) Issued By Desjardins
Heroux Devtek Inc (TSE:HRX) – Analysts at Desjardins raised their FY2019 earnings per share (EPS) estimates for shares of Heroux Devtek in a research note issued on Tuesday. Desjardins analyst B. Poirier now expects that the company will post earnings per share of $0.77 for the year, up from their previous forecast of $0.71. Desjardins currently has a “Buy” rating and a $18.00 target price on the stock. Desjardins also issued estimates for Heroux Devtek’s FY2020 earnings at $0.95 EPS and FY2021 earnings at $1.11 EPS.
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Other equities analysts also recently issued reports about the stock. Scotiabank decreased their price objective on shares of Heroux Devtek from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a report on Thursday, August 17th. Raymond James Financial, Inc. upgraded shares of Heroux Devtek from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$13.00 to C$16.00 in a research note on Wednesday. TD Securities upped their price target on shares of Heroux Devtek from C$14.00 to C$15.50 and gave the company a “hold” rating in a research note on Tuesday. Finally, Royal Bank Of Canada upped their price objective on shares of Heroux Devtek from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$16.33.
Shares of Heroux Devtek (HRX) traded down 0.21% during mid-day trading on Thursday, hitting $14.34. 3,798 shares of the stock traded hands. The stock has a 50-day moving average of $13.15 and a 200-day moving average of $13.06. The company has a market cap of $518.22 million and a price-to-earnings ratio of 16.91. Heroux Devtek has a 52 week low of $11.06 and a 52 week high of $16.05.
About Heroux Devtek
Heroux Devtek Inc is a Canada-based company engaged in the design, development, manufacture, repair and overhaul of landing gear and actuation systems and components for the aerospace market. It manufactures electronic enclosures, heat exchangers and cabinets for airborne radar, electro-optic systems and aircraft controls through its Magtron operations, as well as fluid filters products through its Bolton operations.
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